LVMH Buys 15,016,000 Shares of Hermes!

Louis Vuitton Moet Hennessy (LVMH) recently bought 15,016,000 shares of luxury brand Hermes. This means that LVMH now owns 14.2% of the company and LVMH is claiming that its goal is not to take over the company or to sit on its Board but instead to just be a part of the iconic brand. Hmm...there's just something about that that makes me think Hermes will sometime become a part of LVMH. Which really should come as no surprise seeing as how they own about a million other companies, such as;

Moet

Dom Perignon

Hennessy

Fendi

Donna Karan

Givenchy

Louis Vuitton

Marc Jacobs

Thomas Pink

Parfums Christian Dior

Tag Heuer

Sephora

ETC.

It's only a matter of time!
P.S. Hermes is pronounced. AIR-MEZ